Analgesics

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Global Analgesics Market Size, Share, Growth, Industry Trends and Forecast 2020-2030


The global analgesics market is accounted approximate USD 31.3 billion in 2020 and it is expected to reach approximate USD 45.0 billion by 2030 with a CAGR of 3.4% during forecast period. Additionally, analgesics drugs used to reduce fever and relieve mild to moderate pain from conditions such as muscle aches, toothaches, common cold and headaches.Analgesics encompass a group of drugs that are designed to relieve pain without causing the loss of consciousness.  Moreover, analgesics are differing from anesthetics, which temporarily affect and some instances completely eliminate sensation. The global analgesics market is accounted approximate USD 31.3 billion in 2020 and it is expected to reach approximate USD 45.0 billion by 2030 with a CAGR of 3.4% during forecast period. Additionally, analgesics drugs used to reduce fever and relieve mild to moderate pain from conditions such as muscle aches, toothaches, common cold and headaches.

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Market Dynamics and Factors:

Rise in recurring aches and pains owing to an increase in the prevalence of cancer, cardiovascular disease, arthritis and other chronic and acute disease driving the demand for analgesics in the market. Additionally, the therapeutic benefits offered by analgesics in addition to effective and fast relief from pain, have significantly driven the market for analgesics. In addition, increasing investment in R & D by the public and private sector for formulating new therapeutics are driving the market. Moreover, the development of innovative drugs and rising awareness about these treatments among the consumers can be opportunity for the market. Furthermore, the increase in popularity of personalized medicine is anticipated to provide growth opportunities for the analgesics market. However, factors such as uncontrolled prescription of opioids, drug abuse are likely to restrain the analgesics market.

Market Segmentation :

  • Global Analgesics Market – By Type

    • Opioids

    • Non-Opioids

    • Compound Analgesics

  • Global Analgesics Market – By Route of Administration

    • Oral

    • Intravenous

    • Rectal

    • Transdermal

    • Topical

  • Global Analgesics Market – By End-Users 

    • Hospitals

    • Pharmacy

    • Family

  • Global Analgesics Market – By Geography

    • North America

      • U.S.

      • Canada

      • Mexico

    • Europe

      • U.K.

      • France

      • Germany

      • Italy

      • Rest of Europe

    • Asia-Pacific

      • Japan

      • China

      • India

      • Australia

      • Rest of Asia Pacific

    • ROW

      • Latin America

      • Middle East

      • Africa

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Geographic Analysis:

North America is dominating the market and is anticipated to maintain same trend during the forecast period. According to research study, guidelines of U.S. food and drug administration (FDA), medicines and healthcare products regulatory agencies in the region are driving the market. Moreover, North America accounted for approximate one-third of the global analgesics market in 2017. Europe is the second largest shareholder for analgesics market. Rapid commercialization of new drugs and an increasing geriatric population in the region are driving the market. Asia pacific region is anticipated to be the fastest growing analgesics market and is expected to grow with approximate CAGR of 2.8% during forecast period.

Competitive Scenario:

Some of the key players in market are Teva Pharmaceuticals industries Ltd., Bayer AG., GlaxoSmithKline PLC., Novartis AG., Reckitt Benckiser Plc, Johnson & Johnson, Endo Pharmaceuticals, Pfizer Inc., Hoffmann-La Roche ltd., and Sanofi SA.

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How will this Market Intelligence Report Benefit You?

  1. The report offers statistical data in terms of value (US$) as well as Volume (units) till 2030.

  2. Exclusive insight into the key trends affecting the Global Analgesics industry, although key threats, opportunities and disruptive technologies that could shape the Global Analgesics Market supply and demand.

  3. The report tracks the leading market players that will shape and impact the Global Analgesics Market most.

  4. The data analysis present in the Global Analgesics Market report is based on the combination of both primary and secondary resources.

  5. The report helps you to understand the real effects of key market drivers or retainers on Global Analgesics Market business.

The 2021 Annual Global Analgesics Market offers:

  • 100+ charts exploring and analysing the Global Analgesics Market from critical angles including retail forecasts, consumer demand, production and more

  • 15+ profiles of top producing states, with highlights of market conditions and retail trends

  • Regulatory outlook, best practices, and future considerations for manufacturers and industry players seeking to meet consumer demand

  • Benchmark wholesale prices, market position, plus prices for raw materials involved in Global Analgesics Market type

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Decision Foresight is a market research organization known for its reliable and genuine content, market estimation and the best analysis which is designed to deliver state-of-the-art quality syndicate reports to our customers. Apart from syndicate reports, you will find the best market insights, strategies that will help in taking better business decisions on subjects that may require you to develop and grow your business-like health, science, technology and many more. At Decision Foresight, we truly believe in disseminating the right piece of knowledge to a large section of the audience and cover the in-depth insights of market leaders across various verticals and horizontals.

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